New York Motorcycle Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Motorcycle Accident Lawsuit Loans in New York
A motorcycle accident loan is a type of pre-settlement funding designed to offer financial support to plaintiffs who have been injured in motorcycle accidents. In other words, it’s a cash advance which you receive while waiting for the resolution of your legal claim. The beauty of this type of loan is that it’s non-recourse, which essentially means if your case doesn’t succeed, you owe nothing.
This type of loan operates under the assumption that you’ll get a settlement or a jury award from your lawsuit. The funds you receive today come from the expected future settlement. If and when you win your case, the settlement proceeds pay off the loan. If the case does not go your way, and there is no settlement, you owe nothing. This is how motorcycle accident loans provide financial help during tough times when you are dealing with the aftermath of a motorcycle accident.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in New York
If you’re a victim of a car accident in New York, you might require financial help until your lawsuit concludes. In such cases, car accident loans provided by LawsuitLoans.io can be a valuable option. This loan is not the same as a traditional loan. It’s a cash advance against your likely lawsuit settlement. The following table shows some key facts about car accident loans from LawsuitLoans.io in New York.
| Average car accident loan amount by LawsuitLoans.io in New York | $17,713.29 |
| Largest car accident loan by LawsuitLoans.io in New York | $191,721.27 |
| Average interest rate in New York | 20.6% |
| Median personal injury verdict in New York | $287,628.00 |
| New York statute of limitations | 3 Years; Civil Practice Laws and Rules Art. 2 Section 214 |
| New York fault laws | New York is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Motorcycle Accident Loan in New York?
If you are asking yourself, “Am I eligible for a motorcycle accident loan in New York?” The answer may be yes. LawsuitLoans.io provides pre-settlement loans to motorcycle accident victims who are pursuing a lawsuit claim. However, before you can qualify for a loan, there are a few key eligibility criteria you need to meet.
The main requirements for a lawsuit loan include having a valid legal claim against an insurance company or a self-insured company. This means you must have been injured due to the negligence of someone else and are now seeking damages for your injuries and losses.
Next, you will need to have an attorney hired on a contingency basis. Doing so shows that you have professional support and are serious about your lawsuit. This requirement is necessary because your attorney will need to provide the lender with details about your case.
Finally, you must be at least 18 years old. This ensures that you have the legal authority to apply for a loan and enter into a contract with the lender.
If you meet these key criteria, you could be eligible for a motorcycle accident lawsuit loan in New York. But remember, every case is unique. So the best way to know if you qualify is to apply through the LawsuitLoans.io funding application.
Types of Motorcycle Accident Claims in New York
Motorcycle accidents can occur in a plethora of ways. There are several types of accident claims specific to motorcycles in New York, including but not limited to, rear-end collisions, left-turn accidents, lane splitting accidents, and hit-and-runs.
A rear-end collision occurs when one vehicle crashes into the back of another. In many cases, the driver who hits the motorcycle from behind is often considered at fault. Left-turn accidents occur when a vehicle turning left collides with an oncoming motorcycle. This is often due to the driver failing to yield to the motorcyclist.
Lane splitting happens when a motorcyclist drives between two lanes of slow or stopped traffic. This is a common cause of motorcycle accidents. If a driver isn’t alert, they might not see a lane-splitting motorcyclist in time to avoid a collision. Hit-and-run accidents involve a driver leaving the scene without stopping to identify themselves or assist after a crash.
In New York, the ‘no-fault’ law applies to auto accidents. However, the law doesn’t cover motorcycle accidents. Therefore, the injured motorcyclist can file a lawsuit against the at-fault driver. The success of their claim heavily depends on the circumstances surrounding their accident.
If you have suffered an injury due to a motorcycle accident, it’s crucial to understand how these laws might impact your case. It will increase your chances of obtaining fair compensation through a lawsuit or settlement.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to more than $1,000,000. Depending on your case’s current status, we offer different loan amounts. For ongoing cases, we can provide up to 25% of your expected share of the settlement. If your case is already settled, we can offer up to 50% of your projected share of the settlement.
For example, let’s take a plaintiff from New York involved in a motorcycle accident. The estimated value of the case is $350,000. Since the case is still in progress and won’t settle for some time, the disbursement gets divided into thirds – the medical providers receive one third, the attorney gets another, and the plaintiff receives the rest, around $115,000 in this scenario. Based on this, LawsuitLoans.io can advance about 25% of the plaintiff’s portion, which comes to approximately $29,000.
Roadway Accident Cases we Fund in New York
We provide funding for almost any type of roadway accident in New York. Here are some specific cases we cater to:
- Bicycle Accident Loans: Financial support for victims injured in bicycle accidents while awaiting their settlement.
- Car Accident Loans: We provide funds to plaintiffs involved in car accidents pending the resolution of their claims.
- Commercial Vehicle Accident Loans: Offering pre-settlement funding to those hurt in accidents involving commercial vehicles.
- Government Vehicle Accident Loans: Support for individuals who have lawsuits involving accidents with government vehicles.
- Motorcycle Accident Loans: Pre-settlement loans for victims involved in motorcycle accidents while they await the conclusion of their legal cases.
- Pedestrian Accident Loans: Helping pedestrian accident victims with much-needed financial assistance during lawsuit proceedings.
- Rideshare Accident Loans: Cash advances provided to those involved in accidents with rideshare companies like Uber and Lyft, pending their settlements.
- Semi-Truck Accident Loans: Pre-settlement funding for victims of semi-truck accidents who are waiting for their claims to resolve.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Other Cases we Fund in New York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in New York here: